My first publication on TV, some of you may know me and my privately shared charts, some of you may not, either way thanks for reading. This correction is looking eerily similar to the one that occured in 2014. RSI - looking at the level of support on RSI I believe we should have a bounce here similar to the 2014 fractal, this should take us to the top...
Falling Wedge - BTC is making a falling wedge pattern after making 5 bullish waves up, this is nearing completion along with the elliot waves within Waves - BTC is nearing completion of its fifth wave down, each bounce up so far has had bearish divergence on the RSI, with the exception of this last wave, which is showing bullish divergence on both the RSI and...
This is one of my more speculative charts, market conditions can change and wave structure is based on likely supports and resistances. 1. Bull Pennant - The current price action is making a bullish pennant with bullish divergence on the RSI, the target for this taken from the flagpole is the 10k area. (Wave 3 target, wave 4 being placed at a support test) ...
Cup And Handle - ETH seems to have made a cup and handle with the 0.5 macro fib area being resistance, it is now making a pennant handle, target for this cup and handle is around the 1k area. RSI - RSI has made bullish divergence to make a handle, stoch RSI is nearing the oversold area and curving.
IOST is one of my more promising Gen 3 Crypto picks, with an impressive team and recent good news including token lock up (medium.com), this should be a big gainer this year and beyond. Cup And Handle, Fibonnaci - After finding a (double) bottom in the 190sat range, IOST has had a good couple of weeks, after forming a cup and hitting resistance at 520sat it...
Macro Downtrend Break - BTC held on the 7.8k support and pumped up after forming major bullish divergence on RSI to touch and break the macro downtrend that started at 20k. Bull Pennant - BTC Held on the .382 fib and is now making a pennant (using the wicks) with bullish divergence on RSI, the target using the flagpole for this first run is the 10k area which...
After finding support on the 200MA and creating a bullish pennant, EOS has had some lovely bullish action, based on the fibs I believe EOS will reach something near $7.5 on this wave 4 before pumping up to atleast $12. EOS is one of the rare alts where fiat trade volume outweights EOSBTC volume, therefore I think it has a good chance of moving regardless of what BTC does.
1D - After a bullish break from the rising wedge, BTC is now forming hidden bearish divergence on the Daily on both the RSI and MACD, aswell as a bouince off of the Bollinger Bands. 4H - The 4H chart shows bearish reversal divergence on the RSI in the overbought area, along with a TD Sequential 9 count, I would advise caution trading bullishly in this area,...
After having a sizeable ABC correction after 5 very bullish waves up, I believe BTSBTC is looking good here. Falling Wedge, Fibonacci, Bullish Pennant - After finding a bottom at the 0.88 fib level, BTS had a month long sideways movement out of the falling wedge and eventually have a small pump in early April to then consolidate and form a pennant, with a...
Falling Wedge, Symmetrical Triangle - After a sizeable drop from 5 bullish impulse waves, Cardano formed a deep falling wedge, in late March this wedge was broken with a sideways movement forming a symmetrical triangle. I believe this should break down one more time once Bitcoin starts moving, there is poor volume on ADA and Bearish Divergence on the RSI. ...
MACD - There is some bullish divergence forming on the MACD, price made lower lows whilst the indicator made a higher low. Falling Wedge, Support Trendline - BTC has been painting a falling wedge pattern since mid-march, volume has been steadily dropping as we approach the apex of the wedge with spikes in volume as price nears the trending support. The...